Public Service Enterprise Group Incorporated (NYSE:PEG) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Public Service Enterprise Group (NYSE:PEG) has received a consensus recommendation of "Moderate Buy" from analysts, with five hold ratings and six buy ratings noted.
• The company recently reported earnings that exceeded expectations, with an EPS of $0.77 compared to a consensus estimate of $0.70, and revenue of $2.81 billion for the quarter.
• A quarterly dividend of $0.63 per share has been announced, reflecting an annualized yield of 3.1%, with a payout ratio of 63.64%.

Shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eleven analysts that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $90.9545.

A number of research firms have recently commented on PEG. Morgan Stanley lowered their target price on Public Service Enterprise Group from $101.00 to $100.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. UBS Group raised their target price on Public Service Enterprise Group from $97.00 to $103.00 and gave the company a "buy" rating in a research note on Friday, July 25th. BMO Capital Markets raised their target price on Public Service Enterprise Group from $84.00 to $89.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th. Barclays lowered their target price on Public Service Enterprise Group from $83.00 to $82.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Finally, Wall Street Zen upgraded Public Service Enterprise Group from a "sell" rating to a "hold" rating in a research note on Saturday.

Insider Transactions at Public Service Enterprise Group

In other Public Service Enterprise Group news, CEO Ralph A. Larossa sold 1,387 shares of Public Service Enterprise Group stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $83.12, for a total transaction of $115,287.44. Following the completion of the transaction, the chief executive officer owned 218,328 shares in the company, valued at approximately $18,147,423.36. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.19% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Public Service Enterprise Group in the 2nd quarter worth $25,000. Chapman Financial Group LLC bought a new stake in shares of Public Service Enterprise Group in the second quarter worth $25,000. REAP Financial Group LLC grew its holdings in shares of Public Service Enterprise Group by 105.9% in the fourth quarter. REAP Financial Group LLC now owns 315 shares of the utilities provider's stock worth $27,000 after acquiring an additional 162 shares during the period. Keener Financial Planning LLC bought a new stake in shares of Public Service Enterprise Group in the second quarter worth $27,000. Finally, GoalVest Advisory LLC grew its holdings in shares of Public Service Enterprise Group by 166.7% in the second quarter. GoalVest Advisory LLC now owns 360 shares of the utilities provider's stock worth $30,000 after acquiring an additional 225 shares during the period. Hedge funds and other institutional investors own 73.34% of the company's stock.

Public Service Enterprise Group Trading Down 0.7%

NYSE PEG opened at $81.12 on Monday. The stock has a market cap of $40.49 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 2.82 and a beta of 0.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.76 and a current ratio of 1.00. The stock has a 50 day simple moving average of $84.55 and a two-hundred day simple moving average of $82.15. Public Service Enterprise Group has a fifty-two week low of $74.67 and a fifty-two week high of $95.22.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last released its earnings results on Tuesday, August 5th. The utilities provider reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.07. The company had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $2.49 billion. Public Service Enterprise Group had a return on equity of 12.08% and a net margin of 17.78%.The firm's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. Public Service Enterprise Group has set its FY 2025 guidance at 3.940-4.060 EPS. On average, analysts forecast that Public Service Enterprise Group will post 3.67 earnings per share for the current year.

Public Service Enterprise Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be paid a dividend of $0.63 per share. The ex-dividend date is Tuesday, September 9th. This represents a $2.52 dividend on an annualized basis and a yield of 3.1%. Public Service Enterprise Group's payout ratio is presently 63.64%.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.